Chapter 12 Get Involved #1 Product Life Cycles

Pick three products you use every day (in school, at work, or for pleasureperhaps one of each). Determine what phase of the product life cycle each is in. Evaluate the marketers strategy (product, price, promotion, and distribution) for the product and whether it is appropriate for the life-cycle stage.

Chapter 13 Build Your Skills Planning Digital Marketing

Background

Many companies today utilize digital media in a way that reflects their images and goals. They can also help to improve customer service, loyalty, and satisfaction while reaching out to new target markets. Companies use these sites in a variety of ways, sometimes setting up Facebook pages or Twitter accounts to gather customer feedback, to promote new products, or even to hold competitions.

The U.S. economy has experienced many ups and downs in recent decades, but e-commerce has been an area that has continued to grow throughout economic ups and downs. Many dot-com companies and social networking sites have risen and collapsed. Others such as Amazon.com, eBay, Facebook, and Twitter have not only survived, but thrived. Many that succeed are niche players; that is, they cater to a very specific market that a brick-and-mortar business (existing only in a physical marketplace) would find hard to reach. Others are able to compete with brick-and-mortar stores because they offer a wider variety of products, lower prices, or better customer service. Many new digital media outlets help companies compete on these fronts.

As a manager of Biodegradable Packaging Products Inc., a small business that produces packaging foam from recycled agricultural waste (mostly corn), you want to expand into e-business by using digital media to help market your product. Your major customers are other businesses and could include environmentally friendly companies like Toms of Maine (natural toothpaste) and Celestial Seasonings (herbal tea). Your first need is to develop a social networking site or blog that will help you reach your potential customers. You must decide who your target market is and which medium will attract it the best.

Task

Plan a digital media marketing campaign using online social networking sites, blogs, or another digital media outlet using the following template.

Social networking/blog/other site:

Overall image and design of your site:

Strategy for attracting followers to your site:

Potential advertising partners to draw in more customers: